Certified Annuity Specialist - CAS

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DEFINITION of 'Certified Annuity Specialist - CAS'

A certification indicating expertise and commitment to fixed-rate and variable annuities. Individuals with the CAS designation offer clients expert advice in regards to investment opportunities in annuities.

INVESTOPEDIA EXPLAINS 'Certified Annuity Specialist - CAS'

The CAS designation is issued by the Institute of Business & Finance through a six-module, 60-hour course and requires 15 hours per year of continuing education for the first five years following certification. The course includes an open-book case study as well as a final exam administered by the NASD.

RELATED TERMS
  1. Annuity

    A financial product that pays out a fixed stream of payments ...
  2. Fixed Annuity

    An insurance contract in which the insurance company makes fixed ...
  3. Annuity Contract

    The written agreement between an insurance company and a customer ...
  4. Annuitant

    1. A person who receives the benefits of an annuity or pension. ...
  5. Variable Annuity

    An insurance contract in which, at the end of the accumulation ...
  6. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
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